- The AUD/JPY retired on Tuesday in reaction to the minutes of the RBA meeting that dovish sound.
- The technical configuration favors bassists and supports the perspectives of an additional depreciation movement.
- A Japanese yen (JPY) in general weaker could offer some support for cash prices and help limit deeper losses.
The Aud/JPY crossing attracted some vendors after the minutes of the Australian Reserve Bank Meeting (RBA) showed that the Central Bank had considered a cut of 50 basic points in May. Cash prices go back around 50 pips from the maximum of the Asian session and fall to the 92.35 region in the last hour, although the fall lacks bassist conviction in the middle of a Japanese and in Japanese (JPY) in general weakest.
From a technical perspective, the Aud/JPY crossing is currently just below the key support of the simple mobile average (SMA) of 200 periods in the 4 -hour graph. Since the oscillators in the schedules/daily graphics have begun to gain negative traction, some continuation sales will be seen as a key trigger for the bearish operators and will pave the way for deeper losses. Cash prices could then slide to the minimum last week, around level 92.00, and resume their recent setback from a maximum of two months reached in May.
The subsequent fall could drag the Aud/JPY crossing to the intermediate support of 91.65 en route to the horizontal resistance break of 91.25-91.20 and the round figure of 91.00. The latter should act as a solid base for cash prices, which if it breaks decisively should pave the way for a significant depreciation movement in the short term.
On the other hand, the region of 92.80-92.85, or the peak of the Asian session, now seems to have emerged as an immediate obstacle. A sustained movement could raise the Aud/JPY crossing above the 93.00 level and the supply zone of 93.15-93.20, towards the maximum of last week, around the area of ​​93.85. This is closely followed by the round figure of 94.00, which if it is clear in a decisive way could change the bias in favor of the upward operators and prepare the stage for a proof of the next relevant obstacle near the region of 94.70-94.75.
Aud/JPY 4 -hour chart
Economic indicator
RBA meeting minutes
The report on the meeting of the Committee of the Reserve Bank of Australia It is published two weeks after the interest rates. These minutes contain what was discussed at the meeting, including the different points of view, expectations, discussions and votes for the decided monetary policy. A positive perspective on the economy shows a possible rise in interest rates which means a bullish pressure for the Australian dollar, on the contrary a pessimistic perspective is negative and bassist for the currency.
Read more.
Last publication:
Mar Jun 03, 2025 01:30
Frequency:
Weekly
Current:
–
Dear:
–
Previous:
–
Fountain:
Reserve Bank of Australia
The Bank of the Australian Reserve (RBA) publishes the minutes of its monetary policy meeting two weeks after the decision on the interest rate is announced. It provides a detailed record of the discussions held between the members of the Board of the RBA on monetary policy and economic conditions that influenced their decision on the adjustment of interest rates and / or the purchase of bonds, which had a significant impact on the AUD. The minutes also reveal considerations about international economic evolution and the value of the exchange rate.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
